3905.21
Notice of terminating relationship with insurance agent.

(A)
An insurer or authorized representative
of an insurer that terminates the appointment, employment, contract, or other
insurance business relationship with an insurance agent shall notify the
superintendent of insurance, in the manner prescribed by the superintendent,
within thirty days after the effective date of the termination. The insurer
shall provide any additional information, documents, records, or other data
relating to the termination or activity of the insurance agent that the
superintendent requests in writing.

(B)
If the termination of an insurance agent
is for any of the reasons set forth in division (B) of section
3905.14 of the Revised Code, the
insurer or authorized representative of the insurer shall promptly notify the
superintendent, in the manner prescribed by the superintendent, of any
additional information the insurer discovers upon further review or
investigation, which information would have been provided to the superintendent
in accordance with division (A) of this section had the insurer known of its
existence.

(1)
An insurer, within fifteen days after
notifying the superintendent in accordance with division (A) or (B) of this
section, shall mail a copy of the notification to the insurance agent at the
agent's last known address. If the insurance agent was terminated for any of
the reasons set forth in division (B) of section
3905.14 of the Revised Code, the
notification shall be sent by certified mail, return receipt requested, postage
prepaid, or by overnight delivery using a nationally recognized carrier.

(2)
An insurance agent, within
thirty days after receiving a copy of a notification pursuant to division
(C)(1) of this section, may file written comments concerning the substance of
the notification with the superintendent. If an insurance agent files such
comments with the superintendent, the agent shall, at the same time, provide a
copy of the comments to the insurer. Comments filed with the superintendent
shall become part of the superintendent's file on the insurance agent and shall
accompany every copy of any report distributed or disclosed for any reason
about the agent.